EU pig prices: Markets steady for the most part, some countries showing slight price increases
This week, the market development continues to be steady to slightly positive on the European pigs-mature-for-slaughter market. The price level is reported to be unchanged in the majority of countries. Ireland alone can be regarded as an outlier. There, the largest slaughter company reduced its payment by 4 cents, thus causing the Irish average price to go down by 2 cents.
After France, Belgium and Italy were able to achieve a slight increase of pig prices last week, Denmark follows this week just as France does again. This way, Denmark detaches itself ever more from Germany, now being ahead by as many as 4 cents. In Germany, the nominal price remained unchanged in fact, yet as a result of amendments made to the form of classification and invoicing a loss caused by the amendments is expected to emerge for the farmers amounting to 0.5 to 1 cent per kg.
Trend for the German market: No major change to the market situation is expected for the days ahead. Over the past weeks, various batches were brought forward for marketing. But with 3 October being a public holiday in Germany, the slaughtering of quite some pigs needs to be postponed to the next few days. At the same time, the ordering of winter crop has already been completed to such an extent that the marketing of pigs mature for slaughter is being more focused on. The batches intended for selling continue to be marketed swiftly.
EU pig price comparison 05.10.11
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